Who’s Playing at the RNC?

Jun 19, 2012, 5:51 pm EDT
Who’s Playing at the RNC?

It may not be a festival on the level of Woodstock, but attendees of the Republican National Convention in Tampa this August will be getting some top-notch country and rock alongside speeches from top party figures.

According to a post on Politico, the GOP has already booked legendary southern rock band Lynyrd Skynyrd, country artist Trace Adkins, and Detroit rocker/occasional rapper Kid Rock to play on August 26, 28, and 29, respectively. Other artists who may appear at the convention include:

    Ronnie Dunn, of Brooks & Dunn fame Kenny Wayne Shepherd Robert Randolph, from Robert Randolph and the Family Band Night Ranger

Still to be announced will be a “major act” that will be playing the “Wheels Up” closing night event. Read 

W. Va. Democratic Leaders Skipping Convention

Jun 19, 2012, 5:32 pm EDT

West Virginia may be a red state, but there is some blue mixed in here and there. Just don’t expect to see it all represented in the Democrats’ convention in September.

According to a press release from yesterday, Sen. Joe Manchin, Gov. Earl Ray Tomblin, and Rep. Nick Rahall will skip the event. This follows news that the state party requires all Democratic candidates to support the full party ticket. Manchin and Tomblin have publicly stated they might not endorse Obama in the election.

Manchin, however, says this is not to blame for his missing the event in Charlotte on September 4-6. He said the reason he will not be there is because he will be working to represent West Virginia, and not working on behalf of national politics. Read 

Casino Magnate Doubles Down On GOP

Jun 18, 2012, 11:39 am EDT

Sheldon Adelson appears to be further hedging his bets on the Republican party.

Having already given $36 million to super PACs supporting Newt Gingrich and Mitt Romney (with some help from his family), Adelson has reportedly forked over more cash in support of the GOP: at least $35 million, according to fundraisers familiar with his plans.

The groups benefitting from these donations include Karl Rove-affiliated Crossroads GPS, a nonprofit linked to the Koch brothers, and an organization linked to House Majority Leader Eric Cantor, R-Va. Read 

Most Congressional Leaders Lost Money In 2011

Jun 15, 2012, 11:39 am EDT
Most Congressional Leaders Lost Money In 2011

The economy’s struggle to regain its past strength was no stranger to many on Capitol Hill. According to financial disclosure forms released by many (but not all) members of Congress yesterday, a large number of Congressional leaders lost net worth from 2010 to 2011.

House Speaker John Boehner, R-Ohio, saw his net worth drop from $2.1 million to $1.7 million. Senate Majority Leader Harry Reid, D-Nev., lost $800,000 from his total net worth, mostly from a decrease in one of his property’s values.

Nancy Pelosi, D-Ca., the richest leader in Congress, also lost the most money last year. Worth $26.4 million in 2011, her net worth was down $8 million. Much of that loss came from a failed investment in the United Football League and one of the league’s teams by Pelosi’s husband. He lost as much as $10 million in those deals. Read 

Wealthy Lawmakers Get Extension on Revealing Finances

Jun 14, 2012, 12:48 pm EDT
Wealthy Lawmakers Get Extension on Revealing Finances

Several wealthy members of Congress caught a break today. Today was the day all members of Congress were slated to file financial disclosure forms, but many prominent — and rich — politicians received extensions on filing.

Among those receiving extensions to file were the following Congress members:

    Sen. John Kerry, D-Mass. Sen. Mark Warner, D-Va. Sen. Richard Blumenthal, D-Conn. Rep. David Rivera, R-Fla. Rep. Maxine Waters, D-Calif.

Others who were late to file included Reps. Michelle Bachman (R-Minn.), Allen West (R-Fla.), Steve King (R-Iowa), and Ben Quayle (R-Ariz.). No word on whether or not these Congress members requested or received extensions to file. Read 

What Is Carried Interest, Anyway?

Jun 14, 2012, 8:00 am EDT
What Is Carried Interest, Anyway?

If you do a Google search for “Mitt Romney carried interest,” 9,770 results appear.

That’s not a huge amount in the world of search. Yet it’s clearly going to be a big topic of conversation as we move closer to November. Obama wants to get rid of it, and Romney won’t say what he thinks, though it’s pretty clear he knows which side his bread is buttered on.

Regardless of who believes what, it’s constructive for voters to understand the issue before they step into the voting booth. Knowing how carried interest is created and when taxing it at lower rates is warranted should be important to all Americans — not just those directly affected by it. Read 

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